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Suze Orman: Medicare is not free, so start doing this now If you’re counting the days until you turn 65 and won’t have to pay those brutal health insurance premiums anymore, Suze Orman has a harsh reminder for you. Medicare is far from free. “I want you to be clear-eyed about how much health care will cost you in retirement,” the money maven recently wrote on her blog, pointing to a government report that puts the average out-of-pocket costs for seniors at $6,800 a year. All of a sudden… Source link

Stock futures opened slightly lower Thursday evening ahead of a key labor market report, which is set to offer a fuller picture of the labor market’s recovery and help inform the next moves for monetary policymakers.  Contracts on the S&P 500 were flat to down slightly as the overnight session kicked off. The blue-chip index closed at a record high on Thursday, shaking off declines from a day earlier. The Dow and Nasdaq also ended in positive territory.  For investors, all eyes on Friday… Source link

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello and welcome to Extra Crunch for August 5, 2021. What goes up must come down. Mostly. That’s the lesson from Robinhood’s stock this week. It shot higher yesterday. And today it fell sharply. Something something stonks. Regardless, we have big news from Apple, Facebook, a host of startups and even some drones for you today. A… Source link

By Pete Schroeder WASHINGTON (Reuters) – The U.S. Federal Reserve announced on Thursday how much each large bank that underwent the most recent stress test will have to hold on their books as capital cushions. The capital requirements for each of the 34 banks are based on how well each firm performed in the June test, and will take effect on Oct. 1. Goldman Sachs and Morgan Stanley were directed to hold the largest amount of capital to guard against losses, facing ratios of 13.4% and 13.2%,… Source link

Rihanna has entered the billionaires club.   According to Forbes, the 33-year-old is now worth a whopping $1.7 billion — making her the wealthiest female musician, and second only to Oprah Winfrey, as the richest female entertainer.  Although many know Rihanna for her music — from hit singles “Umbrella” and “Where Have You Been” to “We Found Love” and “Work” — she actually achieved the bulk of her income through her fashion and beauty brands.  Fenty Beauty, which launched in 2017, has… Source link

Google’s Privacy Sandbox aims to create a framework for advertising across the open web that respects the users’ privacy while enabling marketers to continue to provide ad-funded access to digital properties. Criteo participated in Google’s first Origin Trial of its Federated Learning of Cohorts (FLoC), part of Chrome’s Privacy Sandbox … Source link

Google parent Alphabet Inc. (GOOG, GOOGL) crushed earnings last week, reporting a 62% revenue surge to $61.9 billion. That beat analysts estimates by almost $6 billion. The company reported diluted earnings per share (EPS) of $27.26, blowing away estimates of $19.35. Alphabet is marching ever closer to becoming a $2 trillion company. Key Takeaways Google parent Alphabet shattered earnings expectations last week. Big earnings attract institutional investors over the long term.

New Nest Cams. The indoor/outdoor, battery-powered (or wired) Google Nest Cam with battery. … Source link

Disappointing Q2 revenue reports and Q3 forecasts for Amazon (AMZN) may be symptomatic of a larger weakness, Volition Capital Managing Partner Larry Cheng said in an interview with Yahoo Finance Live. “[Amazon will] be dominant in the future,” Cheng said. “However, I do think during this period their Achilles heel has emerged, and it’s the strength and the weakness being the same thing for Amazon. Their strength is that they are ‘the everything store.’ Their weakness is that they are… Source link

A bipartisan trio of senators is trying to change a cryptocurrency provision in the infrastructure bill that the industry warns will have a “devastating” impact on the space. As it stands, the infrastructure bill aims to raise revenue by cracking down on cryptocurrency tax reporting.   The industry argues the current measure included in the bill is too broad — and would force miners, developers and other “non-financial intermediaries” to face the new reporting requirements, though they… Source link